The $100M+ Round Is Now Just Your Typical Late-Stage Financing
The median U.S. late-stage startup funding round reached exactly $100 million in 2026, according to new Crunchbase data. That figure is roughly double the just-over-$50-million median from 2020, meaning a nine-figure raise no longer marks a standout deal. So far in 2026, U.S. companies have closed 250 rounds of $100 million or more, with half of those at $200 million or above.
Key Takeaways
- Not only is a round of $100 million not remarkably large anymore, it's not even atypical.
Joanna Glasner jglasner Back in 2018, in the early days of Crunchbase News, we created a category called the " Supergiant Round " to refer to startup financings of $100 million or more.
- Another option would be to recognize that what was once a legit supergiant round is today just a humdrum, everyday kind of deal.
- Capital raised, meanwhile, is already at record-setting levels thanks to giant rounds for OpenAI, Anthropic and others.
Median round on the rise In tandem, the size of the median late-stage round has also risen.
- And this year has been exceptional in delivering those.
Among U.S. startups that raised $100 million or more this year, 21 had pre-money valuations of $10 billion or more, per Crunchbase data.
- So far in 2026, investors have poured around $10 billion into seed through pre-IPO rounds for...
Stats & Key Facts
- #The median U.S. late-stage startup funding round reached exactly $100 million in 2026, according to new Crunchbase data.
- #That figure is roughly double the just-over-$50-million median from 2020, meaning a nine-figure raise no longer marks a standout deal.
- #So far in 2026, U.S. companies have closed 250 rounds of $100 million or more, with half of those at $200 million or above.
- #Not only is a round of $100 million not remarkably large anymore, it's not even atypical.
Not only is a round of $100 million not remarkably large anymore, it's not even atypical. Joanna Glasner jglasner Back in 2018, in the early days of Crunchbase News, we created a category called the " Supergiant Round " to refer to startup financings of $100 million or more. Fast-forward to today, and those parameters look laughably puny.
Not only is a round of $100 million not remarkably large anymore, it's not even atypical. Per Crunchbase data, the median U.S. late-stage round this year was exactly $100 million. Moreover, if $100 million is supergiant, what do you call something more than 1,000x bigger, like OpenAI 's record-setting round this spring?
That company's chatbot suggests terms such as "leviathan," "colussus" or "titan." Another option would be to recognize that what was once a legit supergiant round is today just a humdrum, everyday kind of deal. The $100M+ round over 10 years The rise of the $100 million-plus round hasn't been chronologically linear, as charted below: Initially, the category gained traction in the late 2010s, as companies such as Uber , Rivian and WeWork scaled up late-stage financing in advance of plans for public offerings.
For more details please read the original article at Crunchbase News.
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